Nishat Mills Limited: Result Review: FY17 EPS @ PKR 12.12 – By AHL Research

  • By: Arif Habib Limited

  • - Published: Monday, 25 September 2017
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Board of Directors of Nishat Mills Limited (NML) has declared the financial result of the company for FY17, recording a NPAT of PKR 4,262mn (EPS: PKR 12.12), portraying a decline of 13% YoY. On a sequential basis, earnings in 4QFY17 clocked-in at PKR 1,174mn (EPS: PKR 3.34), down by 13% YoY and massively up by 2.18x QoQ. Along with the result, the company announced a dividend of PKR 5.00/share (payout of 41%.)</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sales for the period clocked-in at PKR 49,248mn, up by 3% YoY, owed to incorporation of drawback on local taxes and levies which approximately amounts to PKR 755mn along with higher selling price of the products.</span></li><li><span style="font-family:Ar...

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